US gov’t to sell Bitcoin worth $118M, OneCoin lawyer sentenced to 10 years, Bitwise transparency

Yesterday saw some rather incredible headlines as the U.S. government announced it would sell $118 million of Bitcoin, and OneCoin’s lawyer was sentenced to 10 years in prison. But as is always the case in crypto, there is so much beneath each headline to unpack, often revealing that things are not always as they seem. So, today, we look at why the U.S. government’s BTC sale isn’t a big deal and why Bitwise’s complete wallet transparency is worrying!Further reading:OneCoin lawyer sentenced to 10 years in prison — Turner WrightBitwise Bitcoin ETF wallet attracts inscriptions and rare sats donations — Prashant JhaWhy are Bitcoin Ordinal inscription tokens ORDI, SATS crashing? – Yashu GolaUS govt’s planned $118M Bitcoin sale is ‘peanuts’ compared to GBTC — Jesse CoghlanReferences:$3.4B of Bitcoin in a popcorn tin: The Silk Road hacker’s story - Elias AhonenSo, grab yourself a coffee, and let’s get into it!Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.